Kevin Warsh tears up forward guidance on rate moves at the Fed June 17, 2026 Kevin Warsh, the chairman of the Federal Reserve, signalled a major change to how the US central bank handles the run-up to its key interest rate decisions overnight, telling investors across global markets that “we’ve dropped forward guidance”. There was concern in the City that it could mean a decline in the level of transparency over [...]
Thames Water eyes return to London Stock Exchange while Pennon back in profit June 10, 2026 There was a stark reminder for the City of the risks and rewards on offer to investors in water utilities on Wednesday, from two of the industry’s biggest names. One of them, Thames Water, is eyeing a return to the London Stock Exchange after a disastrous spell in private hands loaded it with debt and [...]
London City Airport faces opposition over bigger planes plan June 8, 2026 Opposition to plans to allow bigger jets to use City Airport is taking off among London politicians who work right under the flightpath into the Docklands hub. The London Assembly’s environment committee has raised questions over aircraft such as the Airbus A320neo being used to boost capacity at the capital’s smallest and most central aviation [...]
London Stock Exchange boss accuses FCA of ‘playing fast and loose’ as she warns government may have to ‘step in’ June 8, 2026 The boss of the London Stock Exchange has taken aim at the financial watchdog over its plans to introduce greater market transparency in signs of a major fallout between the two City institutions. Julia Hoggett, chief executive of the exchange, has accused the Financial Conduct Authority (FCA) of “playing fast and loose” with the market, [...]
Balfour Beatty emerges from US oversight scheme after fraud against military June 8, 2026 There was a “landmark moment” for FTSE 250 firm Balfour Beatty on Monday, with the announcement that its US subsidiary emerged from special scrutiny from the Department of Justice (DoJ). The news came as both a reminder of the global reach of London’s major support services sector and the pitfalls it can face from complex, [...]
London house prices fall as Bank of England rate hikes loom over mortgage market June 5, 2026 Fresh insight into the UK’s lacklustre housing market revealed price declines for London and the South East on Friday, while the overall national rate of increase halved for May The closely-watched Halifax House Price Index was released with mortgage holders and would-be home buyers eyeing interest rate rises from the Bank of England (BOE). The [...]
Revolution Beauty shares glitter after it emerges from FCA probe June 5, 2026 London-listed cosmetics firm Revolution Beauty told investors this morning that it is no longer under investigation by the City’s main market watchdog. The Financial Conduct Authority has notified the firm that it will “take no further action”, meaning the probe was over, Revolution said in an announcement to the stock exchange. The FCA’s scrutiny of the Camden-based [...]
As it happened: US jobs smash forecasts; Stocks in green amid cloudy US-Iran peace talks June 5, 2026 Welcome back to the City AM liveblog. Speculation around a peace deal between the US and Iran is continuing to leave markets struggling for direction as hopes of an official agreement face roadblocks. A current draft of a memorandum of understanding between Iran and the US has ambiguities that have to be clarified, an adviser [...]
Computacenter joins FTSE 100 in reshuffle as index builds tech exposure June 4, 2026 The latest quarterly reshuffle of the FTSE 100 has seen Computacenter, Investec and Aberdeen promoted to the top-tier index of the City’s most valuable companies, bringing a constituent with some direct exposure to the artificial intelligence boom to the City’s most famous benchmark. Computacenter’s rise from the FTSE 250 to blue-chip status looks somewhat like [...]
London bucks trend as investors shun stocks in ‘near record’ demand for mixed-asset funds June 4, 2026 Gloom starts to lift in the City with first monthly net inflow into UK equities since November 2024 Investors cut their exposure to equities in favour of bonds and mixed-asset holdings in May, according to fresh data released on Thursday by global funds network Calastone. But London bucked the trend in what could be seen [...]
